With a price/earnings ratio of 7.57, Gray Television Inc P/E ratio is greater than that of about only 8.27% of stocks in our set with positive earnings.
The ratio of debt to operating expenses for Gray Television Inc is higher than it is for about 95.81% of US stocks.
Gray Television Inc's shareholder yield -- a measure of how much capital is returned to stockholders via dividends and buybacks -- is 16.22%, greater than the shareholder yield of 87.01% of stocks in our set.
Stocks that are quantitatively similar to GTN, based on their financial statements, market capitalization, and price volatility, are GLPI, HMLP, GPP, HTGC, and LMRK.
Gray Television owns and operates television stations and digital assets in markets throughout the United States. The company was founded in 1897 and is based in Atlanta, Georgia.
GTN Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Gray Television Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Gray Television Inc ranked in the 86th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. In terms of the factors that were most noteworthy in this DCF analysis for GTN, they are:
32% of the company's capital comes from equity, which is greater than just 10.9% of stocks in our cash flow based forecasting set.
Gray Television Inc's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 10.63% of tickers in our DCF set.
Relative to other stocks in its sector (Consumer Cyclical), Gray Television Inc has a reliance on debt greater than 86.31% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Consumer Cyclical that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as GTN, try SUP, LZB, LIVE, WINA, and FORK.
I’m sometimes criticized on this forum for being a “trader” who buys and sells stocks relatively aggressively, depending on conditions. I always make the point that the exact same company can be a great or terrible investment depending on the price paid. I think I’ve missed some large gains in...
Patrick Doyle on Seeking Alpha | September 17, 2020
Gray Television, Inc. (GTN) Q2 2020 Earnings Conference Call August 6, 2020 10:00 AM ET Company Participants Hilton Howell - Chairman & Chief Executive Officer Kevin Latek - Chief Legal & Development Officer Pat LaPlatney - President & Co-Chief Executive Officer James Ryan - Chief Financial Officer Robert Smith -...